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May 17, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Great Neck, Business Loans > Community National Bank Great Neck Business Loans > Community Food Services Loan | ||||
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Business Loans for Bayside Small Business Owners
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How to Get a Loan for Community Food ServicesLooking for business loans for community food services? Talk to a banker who works with the SBA. This $120,000 community food services loan was issued by a New York bank. This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Community National Bank, out of Great Neck, New York. The loan was granted and they received $120,000 to help grow their Bayside, New York business. SBA Loan Borrower COMPANY TYPE: COMMUNITY FOOD SERVICES SBA Loan Lender COMMUNITY NATIONAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624210 - Community Food Services Loan Approval Date 8/1/2007 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This SBA loan was for $120,000. How would you spend $120,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Small Bank Loans in Great Neck, New York
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